Check out this recent thread:
http://forum.cakecentral.com/cake-decorating-ftopict-221171.html
IMBC = Italian Meringue ButterCream
SMBC = Swiss Meringue ButterCream
Do a search, there are recipes on here for both of them. If you prefer a crusting buttercream, try adding some salt or a small amount (1/3 cup) of flour. I've also heard of people adding a teaspoon or two of vinegar.
Yep, I too am hooked on meringue buttercreams now! Have some in my fridge right now, wish I could ship it to ya! Just one thing..my first time making it, I accidentally used "salted butter" instead of unsalted and YUCKO! It was a recipe by colette peters. So, just make sure you follow the recipes exact. I haven't tried the ones here on cc yet, but I'm going too.
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